What was the total number of Bor Restoration outlets at the end of 2023?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| Outlet Type | Year | Column 3 Outlets at the Start of the Year | Column 4 Outlets at the end of the Year | Net Changes |
|---|---|---|---|---|
| Franchisee Owned | ||||
| 2021 | 14 | 20 | +6 | |
| 2022 | 20 | 22 | +2 | |
| 2023 | 22 | 50 | +28 | |
| Company-Owned | ||||
| 2021 | 0 | 0 | 0 | |
| 2022 | 0 | 0 | 0 | |
| 2023 | 0 | 0 | 0 | |
| Total Outlets | ||||
| 2021 | 14 | 20 | +6 | |
| 2022 | 20 | 22 | +2 | |
| 2023 | 22 | 50 | +28 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 36–39)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, at the end of 2023, there were a total of 50 outlets. These outlets are all listed as franchisee-owned, with no company-owned outlets reported for that year. This number reflects a net increase of 28 outlets during 2023, starting from 22 outlets at the beginning of the year.
For a prospective franchisee, this indicates a growing franchise system. The fact that all outlets are franchisee-owned could suggest that Bor Restoration is focused on expanding through franchising rather than corporate-owned locations. This might mean more support and resources are directed towards franchisees.
It's important to note that while the total number of outlets provides a general overview, further investigation into the performance and distribution of these outlets would be beneficial. Understanding where these new outlets are located and how they are performing can offer a more detailed picture of Bor Restoration's growth and stability.